RICHMOND, Va., Feb. 2, 2016 /PRNewswire/ -- BB&T
Capital Markets today announced it has named tenured bankers
Bruce Kelleher and Jake Savage to key leadership roles. Kelleher
will serve as head of Equity Investment Banking and Savage as head
of the firm's newly formed Capital Markets Advisory Group. Both
will report to John B. Jung Jr.,
head of BB&T Capital Markets.
Kelleher, who has 23 years of investment banking experience,
will lead BB&T Capital Markets' rapidly growing middle market
advisory business, which includes six core industry groups:
Commercial & Industrial, Logistics & Transportation, Food
& Agribusiness, Automotive Aftermarket, Retail & Consumer
and Real Estate.
Savage, with more than 30 years of corporate finance and
corporate banking experience, will lead a cross-functional team of
highly experienced bankers and professionals charged with
developing capital markets solutions to best serve the needs of
BB&T's growing client base.
"We are fortunate to have a wealth of talent in our
organization, and I am pleased Bruce and Jake have assumed these
key roles as we continue to grow our capital markets business,"
Jung said.
Kelleher originally joined BB&T Capital Markets in 2004 and
in 2008 assumed responsibility for managing its private equity
relationships. In his new role Kelleher will not only lead the
Equity Investment Banking Group but also continue his duties as
Head of the firm's Financial Sponsors Group.
"I am thrilled to be working with such a talented group of
investment bankers across each of our industry groups," Kelleher
said. "This team has achieved record results during the past
several years, and with the influx of new talent into our
organization in 2015, we are poised to continue this positive
momentum as we enter a new phase of growth."
Savage joined BB&T Capital Markets in 1988 and most recently
served as co-head of Equity Investment Banking and head of the
Financial Services Group.
"The formation of the Capital Markets Advisory Group is an
exciting endeavor and is a direct response to the growth
experienced in BB&T's corporate lending business. As our
corporate loan portfolio has grown, we have seen a greater need for
proactive, integrated client advisory services," Savage said.
"Accordingly, we have selected this team based on their industry
knowledge and capital markets product experience. Our goal is to
better integrate all key functional areas of our platform to most
effectively serve our clients."
"We will continue to evolve our organization to be the best
provider of capital markets solutions," Jung said. "Our goal is to
look beyond each transaction and think holistically about the best
solutions for our clients. We are committed to our clients now and
in the future, and putting the right leadership in place is crucial
to meeting that goal."
About BB&T Capital Markets
BB&T Capital Markets provides a full spectrum of capital and
advisory solutions including research, sales and trading, equity
and debt underwriting, M&A advisory and corporate banking.
BB&T Capital Markets is a division of BB&T Securities, LLC,
a wholly owned nonbank subsidiary of BB&T Corporation and
Member FINRA/SIPC. More information is available at
BBTCapitalMarkets.com and LinkedIn.
About BB&T
BB&T is one of the largest financial services holding
companies in the U.S. with approximately $209.9 billion in assets and market
capitalization of approximately $29.5
billion as of Dec. 31, 2015.
Based in Winston-Salem, N.C., the
company operates 2,139 financial centers in 15 states and
Washington, D.C., and offers a
full range of consumer and commercial banking, securities
brokerage, asset management, mortgage and insurance products and
services. A Fortune 500 company, BB&T is consistently
recognized for outstanding client satisfaction by the U.S. Small
Business Administration, Greenwich Associates and others. BB&T
has also been named one of the World's Strongest Banks by Bloomberg
Markets Magazine, one of the top three in the U.S. and in the top
15 globally. More information about BB&T and its full line of
products and services is available at BBT.com.
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SOURCE BB&T Corporation